The trial balance of Bridgeport at December $31$ shows Inventory $$24,000,$ Sales Revenue $$156,500,$ Sales Returns and Allowances $$3,900,$ Sales Discounts $$3,000,$ Cost of Goods Sold $$97,700,$ Interest Revenue $$5,700,$ Freight$-$Out $$1,650,$ Utilities Expense $$7,500,$ and Salaries and Wages Expense $$19,200.$

Prepare the closing entries for Bridgeport for these accounts. $($Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select $"$No Entry" for the account titles and enter $0$ for the amounts.

Date Account Titles and Explanation

Debit

Credit

Dec. $31$

$($To close accounts with credit balances$)$

Dec. $31$

$$ SUPPORT

$($To close accounts with debit balances$)$